The asset manager plans to launch the Allianz German Equity Fund for Matthias Born on 22 Oct, 2012. It also opened a European fixed-income product last week.
The German fund will follow the same investment philosophy as Born’s €2bn Allianz Concentra Fund and will run a high-conviction portfolio with a focus on large caps.
Nick Smith, head of retail sales Europe ex Germany at Allianz Global Investors, said: "Germany remains a tower of strength in Europe with an unchallenged triple-A rating from S&P and a real economy that is performing strongly. We believe that there will be strong demand from investors for this strategy."
The company also launched the Allianz Euro High Yield Defensive Fund for Alexandre Caminade, chief investment officer of Allianz’s European fixed income team in Paris.
Smith said: "Euro high-yield debt is an area where we have been seeing increasing client demand, especially as investors seek an alternative to sovereigns."
The fund has attracted €50m since launch on 9 Oct, 2012. Smith argued that defensive funds in the high-yield space are likely to remain popular as investors seek to limit their downside risk.
